Analysis Financial News

Shares of Bajaj Housing Finance slipped 6% to their day’s low of Rs 132.85 on the BSE in today’s session as today marks the end of the stock’s 3-month lock-in period wherein 12 million shares became available to trade in the market. This represents 2% of the total equity of the company, which was held by the anchor investors since the IPO.

Info Edge (India) Ltd. traded 2.72 per cent in Thursday's session at 09:59AM (IST). The stock opened at Rs 8600.00 and has touched an intraday high and low of Rs 8776.00 and Rs 8600.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 8776.00 and a 52-week low of 4703.30. About 1,620 shares changed hands on the counter so far.

buy call on UTI Asset Management Company with a target price of Rs 1,600. The current market price of UTI Asset Management Company is Rs 1366. UTI AMC., incorporated in 2002, is a Small Cap company with a market cap of Rs 17470.73 crore, operating in Financial Services sector. UTI Asset Management Company Ltd. key products/revenue segments include Sale of services, Income From Sale Of Share & Securities, Interest and Rental Income for the year ending 31-Mar-2024.

RLNG gas supply agreement with GAIL for 7 years. “We would like inform you Our Company has entered into an agreement with GAIL (India) Limited (GAIL) and exchanged the document at Raipur on 10.12.2024 for supply of RLNG Gas for Company's upcoming pellet plant in the ordinary course of business for a period of 7 years,” said the company in a filing to the exchanges.

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.

mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry forward and went on to recommend it as a «good career option». «Despite all the interest in the stock market after COVID, there are still only 5 crore unique mutual fund investors. I've said this earlier as well—one of the biggest challenges for the Indian markets is the lack of an advisory ecosystem with just about 900 RIAs,» Kamath tweeted.

Shares of Infosys Ltd.(up 1.32 per cent), Wipro Ltd.(up 0.3 per cent), LTIMindtree Ltd.(up 0.3 per cent), Persistent Systems Ltd.(up 0.23 per cent) and MphasiS Ltd.(up 0.09 per cent) ended the day as top gainers in the pack.

inflation data from the world's largest economy and India for further cues on interest rates. The benchmark 10-year yield ended at 6.7171%, compared with its previous close of 6.7073%.

Budget 2025: Every year, the Department of Economic Affairs in the Ministry of Finance prepares the Union Budget, which is then presented by the Finance Minister. The Budget which is tabled annually serves as a financial plan for the country and lays out the estimated earnings and expenditures of the government for the upcoming fiscal year. Here are the five essential steps involved in the formation of the Union Budget: Initial Processes: The process starts approximately six months before the Budget is presented. The Finance Ministry releases Budget Circulars to the relevant ministries and departments, providing essential instructions and guidelines. These circulars are then circulated among disbursing and field officers, who provide information about their department’s financial expenditures, receipts for the current and previous fiscal years, and their financial needs for the upcoming fiscal year.

monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said the Indian rupee touched a fresh all-time low of 86.87 in intraday trade as change of guard at the Reserve Bank of India raised odds of a rate cut by the Reserve Bank of India (RBI) in its February meeting. A bounce back in the US dollar from earlier lows also weighed on the rupee. However, positive domestic markets, FII inflows and reports of RBI intervention supported the rupee earlier in the day.

Ashapura Minechem Ltd.(up 9.85%), Madhav Marbles & Granites Ltd.(up 8.18%), Oriental Trimex Ltd.(up 3.96%), The Orissa Minerals Development Company Ltd.(up 1.56%), Gujarat Mineral Development Corporation Ltd.(up 0.88%), Coal India Ltd.(up 0.71%), KIOCL Ltd.(up 0.36%), Lexus Granito(India)Ltd.(up 0.32%) and MOIL Ltd.(up 0.32%) stood among the top gainers.

Shares of Hero MotoCorp Ltd.(up 1.36 per cent), Bharat Forge Ltd.(up 1.34 per cent), Ashok Leyland Ltd.(up 0.97 per cent), Bosch Ltd.(up 0.81 per cent) and Exide Industries Ltd.(up 0.74 per cent) ended the day as top gainers in the pack.

Khaitan Chemicals & Fertilizers Ltd.(up 0.90%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.86%), Krishana Phoschem Ltd.(up 0.64%), National Fertilizers Ltd.(up 0.56%), The Fertilisers and Chemicals Travancore Ltd.(up 0.43%), Rashtriya Chemicals & Fertilizers Ltd.(up 0.41%) and Madhya Bharat Agro Products Ltd.(up 0.11%) stood among the top gainers.

Avenue Supermarts Ltd. traded 2.71 per cent in Wednesday's trade at 02:09PM (IST). Around 26,993 shares changed hands on the counter. The counter opened at Rs 3700.00 and touched an intraday high and low of Rs 3760.80 and Rs 3673.00, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 5484.00 and a 52-week low of Rs 3567.35.

«But now, for the first half of this year, earning growth has been slightly muted in mid-single digit and that is expected to remain that way at least for the next one to two quarters. So, to that extent, one has to moderate the return expectations going into next year,» says Dikshit Mittal, Senior Fund Manager-Equity, LIC MF. What do you make of the markets right now and there is debate which is underway whether 2025 is going to be a great year for the Indian equities or is it going to be a year of trimmed in very moderate single digit kind of gains? What is your estimate? Dikshit Mittal: Last two-three years returns have been very, very strong. In fact, compounded returns have been in high teens. So, to that extent, coming into next year, one has to moderate the return expectation. So, we cannot expect the same kind of returns we have generated last year.

Tata Elxsi Ltd. 0.62 per cent to Rs 7356.90 at 01:43PM (IST) in Wednesday's trade. The counter hit a high of Rs 7413.00 and low of Rs 7328.00 so far during the session. The stock had closed at Rs 7403.00 in the previous session. The counter had a total traded volume of 01:43PM shares so far with a turnover of Rs 2.72 crore on BSE. The stock traded at a price-to-earnings multiple of 56.01 and a price-to-book ratio of 19.34.

MphasiS Ltd. 0.85 per cent to Rs 3156.00 in Wednesday's trade as of 01:53PM (IST) even as the benchmark Nifty ruled at 24662.4, 52.36 points. The scrip had closed at Rs 3183.20 in the previous session. The stock quoted a 52-week low of Rs 2180.05 and a high of Rs 3200.00. The company quoted a market-cap of Rs 59743.16 crore on the BSE.

Bajaj Holdings & Investment Ltd. traded 0.7 per cent in Wednesday's trade at 01:58PM (IST). Around 2,272 shares changed hands on the counter. The scrip opened at Rs 11304.35 and touched an intraday high and low of Rs 11515.10 and Rs 11033.10, respectively, in the session so far. The stock of Bajaj Holdings & Investment Ltd. quoted a 52-week high of Rs 11515.10 and a 52-week low of Rs 7631.10.

Financial Independence, Retire Early (FIRE) has come to signify the aspirations of people who want to save and invest extreme amounts so that they can leave the workforce well before the traditional age of retirement.

IPO) of the digital payments platform Sai Life Sciences will open for public subscription today, and will close on December 13. The Rs 3,042 crore issue includes a fresh issue of 1.73 crore shares, aggregating to Rs 950 crore and an OFS of 3.81 crore shares. The company said that it would use the proceeds from its IPO to repay its debts and for general corporate purposes.

SME IPO of Supreme Facility Management opened for subscription earlier today and will close on December 13. The company aims to raise Rs 50 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.